07.12.2020 | Newsletters
Welcome! In this newsletter, we provide you with updates on the work of the Initiative, events and publications, and experiences and learning on inclusive insurance regulation and supervision across
30.11.2020 | Articles
by Pascale Lamb, A2ii and Tom Herbstein, UK’s Department for International Trade (DIT) Delivering financial inclusion is a core principle of the Sustainable Development Goals (SDGs) given its role in
30.11.2020
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Pascale Lamb, Tom Herbstein |
InsurTech, Sub-Saharan Africa, Supervisory Dialogue
Delivering financial inclusion is a core principle of the Sustainable Development Goals (SDGs) given its role in eradicating poverty. Africa is particularly impacted, given that half of the population is without access to formal financial services. Access to bank accounts hovers at 40%, while insurance accounts for just 3% of GDP, against a global average of 7%.
However, recent technological developments have led to the financial system becoming more accessible, to low-income populations than ever before. Across Sub-Saharan Africa, for example, the growth of mobile penetration rates has risen to over 43%, providing a crucial platform for the digital expansion of financial services.
Tom Herbstein
Tom is the Insurance Prosperity Specialist at the UK’s Department for International Trade (DIT). He works at the overlap between the UK's international development, and trade agendas. His specific areas of focus include financial services technology, disaster risk financing, and climate resilience. Tom co-leads Tech for Growth, a cross-government programme aimed at enhancing the role of technology in deepening access to financial services across emerging economies.
09.11.2020 | Newsletters
Welcome! In this newsletter, we provide you with updates on the work of the Initiative, events and publications, and experiences and learning on inclusive insurance regulation and supervision across
